2023 BIF to RSD Historical Review

YEARLY HIGH

0.0539 RSD

YEARLY LOW

0.0368 RSD

YEARLY AVERAGE

0.0436 RSD

2023 BIF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0539. Conversely, the yearly low was recorded on July 14, dropping to 0.0368.

This high-to-low spread represents a total annual volatility of 0.0171 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0526 to the December average rate of 0.0377, the exchange rate registered a net change of -28.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0539 was down 9.27% compared to the 2022 peak of 0.0594, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BIF based on timing:

Yearly Peak High 270 RSD

2022 Average 273 RSD

Yearly Trough Low 184 RSD

Transaction Impact: A difference of 85.54 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0544

0.0359

JanuMarcMayJulySeptNove

BIF to RSD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0490, compared to 0.0382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0108 points.

H1 Avg (Jan–Jun) 0.0490

H2 Avg (Jul–Dec) 0.0382

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0137 RSD (High: 0.0522 / Low: 0.0385). On the other end, August was the most stable month, with a tight range of 0.0007 RSD (High: 0.0383 / Low: 0.0376).

May Spread (Volatile) ±0.0137

August Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0078 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0526) against the same month in 2022 (average: 0.0519), the exchange rate shifted by +0.0007 (+1.40%).

2023 Avg (January) 0.0526

2022 Avg (January) 0.0519

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0539	0.0519	0.0526
February	0.0539	0.0514	0.0529
March	0.0535	0.0517	0.0527
April	0.0520	0.0509	0.0514
May	0.0522	0.0385	0.0461
June	0.0388	0.0377	0.0382
July	0.0382	0.0368	0.0375
August	0.0383	0.0376	0.0379
September	0.0393	0.0382	0.0387
October	0.0395	0.0386	0.0391
November	0.0390	0.0375	0.0382
December	0.0382	0.0370	0.0377